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The PPF’s proposed rules for calculating the 2021/22 levy seek to strike a balance between giving sponsors time to recover from the economic impact of Covid-19, whilst recognising the increased risks the PPF faces in the years ahead. The PPF estimates that around 90% of schemes that pay a risk-based levy could expect to see … Read more
Here is a round-up of the pensions blogs and briefings that we have posted during the past month. Some of these have been broadcast but several have not, to avoid sending you too many emails. Read more
The latest edition of our quarterly Pensions Planner is here. Click on the image below to download your copy. The Planner and our handy timeline will help you keep up to date with the latest developments in pensions law and practice and identify the key pensions issues that your scheme or organisation needs to address in the … Read more
A plethora of guidance is being produced to help employers and trustees deal with the issues arising from the spread of COVID-19 and the measures that have been introduced to limit this. The table below (which we will update as new guidance is issued) provides links to the key pensions-related COVID-19 guidance issued to date … Read more
As businesses and governments around the world continue to grapple with the implications of COVID-19, Brexit is fast approaching. This time for real. Last year, as businesses awaited a potential Brexit without a deal, the difference was stark. ‘Deal’ meant entering a status quo transition period in which essentially nothing changed for business; whereas ‘no-deal’ … Read more
The DWP has launched a new consultation, in which it is seeking views on proposals to require trustees of large occupational pension schemes, authorised master trusts and schemes offering collective money purchase benefits to have an effective system of governance, monitoring and risk management relating to climate related risks and opportunities in place from 1 … Read more
The cross industry GMP Equalisation Working Group (EWG) has published its latest guidance paper on the common data issues associated with implementing GMP equalisation. Whilst the guidance offers potential solutions to a variety of common data issues that schemes may face, as it acknowledges, the solutions described are not exhaustive and trustees will ultimately need … Read more
Listen to our latest webcast as John Whiteoak, Partner in our Restructuring, Turnaround and Insolvency (RTI) team, and Tim Smith, Professional Support Lawyer in our Pensions team, discuss the impact that the recent major reforms to the UK insolvency regime will have on defined benefit (DB) pension schemes and the Pension Protection Fund (PPF). In … Read more
